Chrono24 Insurance Covers True Watch Value
Chrono24 has introduced a watch insurance service that covers the current market value of pre‑owned timepieces purchased on its platform. The standard policy protects against accidental damage, while an optional add‑on provides theft coverage up to €25,000 or £25,000, with no deductible. Available immediately in the UK, Germany, France, Italy, the Netherlands and Spain, the insurance is tied to a specific watch and does not require value adjustments as market prices fluctuate. The policy can be added within 14 days of a watch appearing in a user’s collection, lasts for one year without automatic renewal, and is paid as a single premium. Claims are handled by authorised service centres of the owner’s choice, and the coverage does not extend to loss, misplacement, or standard home contents insurance limits. This offering aims to simplify protection for collectors who buy, sell, travel with, or consign valuable watches.
Buying Time Analysis: Chrono24's new insurance lets buyers protect watches at current market value, reducing risk and fostering confidence in the secondary market.
